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Compute the total cash dividends paid to each class of stock

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Question - Tucker Exports has the following stock outstanding:

25,000 shares of $80 par value, 6% cumulative preferred stock

150,000 shares of $2.50 par value, common stock

The company declares and pays the following dividends for the past four years:

2011 $ 65,000

2012 $412,000

2013 $303,000

2014 No dividends are paid

Compute the total cash dividends paid to each class of stock in 2011 through 2014.

Reference no: EM131697478

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